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Escorts Kubota Agri Machinery Business Division in May 2023 sold 9,167 tractors, the company's highest ever May sales, registering a growth of 8.9 percent as against 8,421 tractors sold in May 2022.
Domestic tractor sales in May 2023 were at 8,704 tractors registering a growth of 13.5 percent against 7,667 tractors sold in May 2022. Overall, the macroeconomic factors and farmer sentiments remain positive, resulting in a positive sales trend across most geographies.
Going forward, the company expects the current momentum to
continue in the near term led by normal rainfall forecast, adequate reservoir levels, better liquidity and consumer credit availability.
Export tractor sales in May 2023 were at 463 as against 754 tractors sold in May 2022.
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